1152 S Parkwood Drive Forest Park, GA 30297
Eureka! You've found the ultimate cash-flowing rental. This 4-sided brick PadSplit coliving home generates over $4, 600 per month in gross rental income ($56, 000+ per year). This investment offers a unique combination of cash flow and turnkey management. After expenses the CAP rate is over 12% and 20% cash-on-cash ROI. Featuring granite countertops and upgraded bathrooms, this fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to public transit and I-75 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but also provides an avenue for investors to achieve 2-3x+ cash flow of typical rental properties. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated Superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule, ' it blows it away. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI.
- Property TypeSingle Family Home
- NeighborhoodWoodland Park
- CountyClayton
- Taxes$2,387
- HOA/Condo/Coop Fees$0
- Days on Site10 Days
- MLS StatusActive
- MLS ID Number7402999
- Home Size Source Appraiser
- Year Built1957
- Lot Size0.241 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Ranch
- Construction Brick
- Parking Driveway
- Parking Spaces 0
- Sewer Public Sewer
- Basement Crawl Space
- Number of Stories 1
- Acreage 0.241
- Water Public
- Security None
- Property Sub Type Single Family Residence
- Utilities Electricity AvailableWater Available
- Foundation Block
Interior Features
- Cooling Central Air
- Heating Central
- Appliances DryerElectric RangeMicrowaveRefrigerator
- Flooring HardwoodLaminate
- Interior Disappearing Attic Stairs
- Fireplaces 0
- Fireplace Features None
- Laundry Features In Hall
- Window Features None
- Fireplace No
Exterior Features
- Roof CompositionShingle
- View Other
- Fencing None
- Spa No
- Pool Features None
- Spa Features None
- Waterfront Property No
- Waterfront Features None
- Exterior Rain Gutters
- Lot Back YardFront YardLevel
- Patio And Porch None
- Road Frontage City Street
- Other Structures None
Community Features
- Association Dues 0
- Community Features None
- Security Features None